‘Solar for coal’ swaps: A financial innovation that could accelerate the carbon transition

An innovative new financial approach is accelerating the electric sector’s financial transition from coal to clean. “Solar for coal swaps” could help refinance the 26 GW of existing coal plants that will be uneconomic compared to local renewables in the near term, using private capital to fund community-level investment for publicly-owned cooperative retail utilities, while supporting local economic development. Read more →

Five trends: U.S. cities and counties are going renewable

Cities have been a major contributor to climate change, accounting for more than 70 percent of greenhouse gas emissions. But in recent years, a growing number of cities across the United States have enacted and acted on new renewable energy goals. A new tool from the American Cities Climate Challenge Renewables Accelerator, the Local Government Renewables Action Tracker, showcases renewable energy deals made by U.S. cities, counties, tribal governments, municipal utilities and community choice aggregations since 2015. Read more →

Green energy ratchets up power during coronavirus pandemic

Renewable power has taken up a record share of global electricity production since the onset of the coronavirus pandemic, suggesting a transition away from fossil fuels could be accelerated in the coming years. The past few months have shown that renewable energy has become more dependable, sector experts say, accounting for well over half of output in some European countries, while grid operators proved they could successfully manage larger doses of fluctuating energy flows. Read more →

Apple pledges to be carbon neutral by 2030

Apple is pledging to become carbon neutral across its business, including its mostly overseas supply chain by 2030. Within the next 10 years, the tech giant will ensure every Apple device sold will have been produced with no net release of carbon into the atmosphere. The company also plans to reduce its emissions by 75% and develop carbon-removal solutions for the remaining 25% of its footprint. Read more →

NREL study backs hydrogen for long-duration storage

At-a-Glance: A study released by the National Renewable Energy Laboratory (NREL) indicates pumped hydro and compressed air energy storage will soon be cost-effective for day-long storage, while hydrogen for long-duration storage will be cost-effective by 2050 or sooner. To learn more, read this article in PV Magazine titled “NREL study backs hydrogen for long-duration storage”. Read more →

Power-to-gas proves least expensive path to net-zero

At-a-Glance: Carbon-neutral with power-to-gas is the least expensive option for U.S. utilities trying to reach 100% carbon reduction within the operations of energy grid networks over a period of 20 years, according to a new whitepaper released by Wärtsilä. To learn more, read this article on Smart Energy International titled “Power-to-gas proves least expensive path Read more →

Waste to deliver green hydrogen in California

At-a-Glance: Ways2H, a global producer of renewable hydrogen, and Ford, Bacon & Davis, a leader in energy facility engineering, procurement and construction, will design and build modular waste-to-hydrogen facilities in California in the final quarter of 2020. Other facilities throughout the country are planned in 2021 to produce renewable hydrogen fuel for customers in the Read more →